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Foreign direct investment (FDI) in India surged by 45% year-on-year to $29.79 billion during April-September 2024, driven by strong inflows in services, telecom, and pharma sectors. The April-June quarter alone saw a 47.8% increase, totaling $16.17 billion. Maharashtra led the states with $13.55 billion in FDI, followed by Karnataka and Telangana.
The global demand for critical metals, essential for clean energy technologies, is set to soar, with estimates indicating a need for significantly more lithium, cobalt, and nickel by 2050. However, the long lead times for new mining projects, averaging 16 years, pose challenges to meeting this demand sustainably. Meanwhile, e-waste scavengers in developing countries are increasingly vital in recycling valuable materials, highlighting the complex interplay between resource extraction and environmental concerns.
Nissan Motor Co. Chief Financial Officer Stephen Ma is poised to step down amid significant challenges for the company, including a recent announcement to cut 9,000 jobs and reduce manufacturing capacity by a fifth. The specifics of Ma's departure remain unclear, with speculation about a potential demotion or exit. This change follows the departure of Ashwani Gupta, the former chief operating officer, 17 months ago.
Global stock markets experienced a rally on Friday, with Wall Street achieving its largest monthly gain in a year, driven by post-election growth optimism. The S&P 500 rose 0.56%, marking a 5.14% increase for November, while the Nasdaq climbed 0.83%, securing a 6.2% monthly gain. Meanwhile, the dollar weakened amid expectations of stronger rates in Japan and easing in Europe.
US stocks ended a shortened trading session higher, with the S&P 500 rising 0.6% to achieve its best month of the year, up 5.7% in November. Treasury yields fell, driven by optimism over President-elect Trump's trade policies and significant inflows into US equities. The Bloomberg Dollar Spot Index declined over 1%, while the yen advanced against the dollar amid expectations of a Bank of Japan rate hike.
BOJ Governor Ueda emphasized that wage trends will significantly influence the central bank's policy decisions moving forward. This focus on wages reflects a broader strategy to address economic conditions and inflation in Japan.
The US Dollar Index has rallied 7% since October 2024, driven by expectations of Trump's economic policies and a less dovish stance from the Federal Reserve. While a potential rate cut in December may support dollar strength, geopolitical tensions and trade restrictions could create volatility, with technical analysis suggesting a range-bound trading scenario for 2025. Historical patterns indicate potential dollar weakness late in the year, followed by renewed strength in January.
IG
The LBS in Healthcare market report offers a comprehensive analysis of market trends, key players, and growth projections from 2024 to 2032. It includes insights on technological advancements, competitive intelligence, and regional dynamics, providing stakeholders with actionable data for strategic decision-making. The report also features customizable options and direct access to lead analysts for personalized support.
The telemedicine market is projected to grow from $172.44 billion in 2024 to $330.26 billion by 2029, driven by rising healthcare expenditures, technological advancements, and the increasing prevalence of chronic diseases. The COVID-19 pandemic significantly accelerated telemedicine adoption, establishing it as a vital component of modern healthcare. Key trends include a growing preference for tele home services and innovations in telehealth solutions, with major players investing in technology and geographic expansion to enhance remote healthcare delivery.
Japan's economy could have faced years of deflation starting in 2016 without the Bank of Japan's extensive monetary stimulus program, according to a study by the central bank. The research indicates that price growth would have dipped into negative territory until around 2022 without this unconventional policy.
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